On Friday, Virtue Gaming, a decentralized online poker platform based on the Ethereum (ETH) blockchain, launched the first digital live poker casino in the US. In the United States, only six states (Nevada, Delaware, New Jersey, Pennsylvania, West Virginia, and Michigan) have legalized and currently regulate online poker. The country has been slow to tackle this problem due to fears that international poker platforms will steal revenues from local land-based gambling establishments. In addition, even in these states, poker platforms must be licensed in each jurisdiction to operate.
As a result, US citizens often do not have access to popular online poker platforms such as PokerStars or 888 Poker for players from all over the world. To get around this, Advantage Gaming proposed a cash game setup whereby the platform would give users 500 Virtual Player Points, or VPPs, worth about $ 147.37. Players get them for free upon registration. Players who meet the minimum playing time requirements for cash games and tournaments can then withdraw their VPP to USDT. US players can then compete against players around the world who are transferring VPP, ETH, or other cryptocurrencies to Advantage Gaming’s locked sidechain smart contracts to place bets on the game. To prevent fraud, the platform implements peer-to-peer encryption for all decks.
Virtue Poker Casino User Interface | Source: Virtue Poker
According to the law, “points or credits that a game or competition sponsor provides a participant free of charge and that can only be used or exchanged for participation in games or competitions offered by the sponsor” are not subject to statutory provisions. Determining a bet or bet could theoretically give the play-to-win model a certain amount of time. At the time of publication, the platform currently has over 25,000 players from outside the United States.